Jefferies Financial Group Brokers Reduce Earnings Estimates for Compagnie Financière Richemont SA (OTCMKTS:CFRUY)
Compagnie Financière Richemont SA (OTCMKTS:CFRUY – Get Rating) – Equities research analysts at Jefferies Financial Group cut their FY2023 EPS estimates for Compagnie Financière Richemont in a report released on Monday, May 23rd. Jefferies Financial Group analyst F. Cereda now anticipates that the company will earn $0.50 per share for the year, down from their prior estimate of $0.59. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Compagnie Financière Richemont’s FY2024 earnings at $0.58 EPS.
CFRUY has been the topic of several other research reports. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Compagnie Financière Richemont in a research note on Monday. Zacks Investment Research lowered Compagnie Financière Richemont from a “buy” rating to a “hold” rating in a research report on Wednesday, March 23rd. UBS Group increased their price target on Compagnie Financière Richemont from CHF 159 to CHF 167 in a research note on Tuesday, April 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Compagnie Financière Richemont from CHF 165 to CHF 150 and set an “overweight” rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $130.80.
Shares of OTCMKTS:CFRUY opened at $9.68 on Wednesday. Compagnie Financière Richemont has a 52-week low of $9.29 and a 52-week high of $15.67. The stock’s fifty day simple moving average is $11.77 and its 200-day simple moving average is $13.34.
About Compagnie Financière Richemont (Get Rating)
Compagnie Financière Richemont SA engages in the luxury goods business in Europe, the Middle East, Africa, Asia, and the Americas. The company operates through Jewellery Maisons, Specialist Watchmakers, and Online Distributors segments. It designs, manufactures, and distributes jewelry products; and precision timepieces, watches, and writing instruments, as well as clothing, and leather goods and accessories.
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